You know how newbies claim that broker stop hunt them.
You know the old story, blah, blah…
Well, I seen some fancy solutions. One solution was to use wide stoploss.
A second solution was to use no stoploss. Both solutions are BAD!
Here are the reasons:
-
You have a wide stoploss but your real stoploss is much smaller.
You hope to close on the small stoploss. However, this is bad.
First of all your stoploss will not be where you want it because of slippage,
context busy, etc…
TIP: Only a real stoploss can guarantee you the actual stoploss you want. -
No stoploss is the worst. It is because you will compound drawdowns and
eventually end it up margin-call. If the market does return or reverse, it
could be years…
So, learn not to be a smart ass. No offense, these are my contributions.
Take them as learning lessons and not offenses.